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从出口看，2025年10月，加拿大金属和非金属矿产品出口额增长27.3%，创下新高。此外，汽车及零部 件出口额增长4.1%；而能源产品出口额下降8.4%，抑制了出口额整体增幅。 中新网北京1月9日电 加拿大统计局2026年1月8日公布的数据显示，由于进口增速加快，2025年10月该 国全球商品贸易逆差为5.83亿加元，由顺差转逆。 加统计局数据显示，2025年10月该国商品进口额为662亿加元，环比增长3.4%；出口额为656亿加元， 环比上升2.1%。商品贸易收支差额由同年9月的2.43亿加元顺差，转为10月的5.83亿加元逆差。 加统计局指出，2025年10月加拿大商品进口额反弹。电子电气设备零部件进口额增长10.2%。其中，计 算机及其外围设备进口额增幅达32.2%，创历史新高，主要得益于从爱尔兰进口的处理器数量增加。通 信、音视频设备进口额也有所增长，主要因从中国和美国进口智能手机的规模大幅提高。此外，金属和 非金属矿物制品进口额增长9.5%，其中未锻造的黄金、白银和铂族金属进口额增长55.3%。 数据显示，加拿大对美国的贸易顺差大幅收窄。2025年10月，加拿大对美出口贸易额下降3.4%，而进 口贸 ...

国务院安委办公布打击盗采矿产资源典型案例。 为持续深化开展废弃矿洞排查封堵整治、严厉打击盗采盗挖行为，充分发挥典型案例的警示教育作用，有效遏制盗采亡人事件发生， 国务院安委会办公室公布第二批5起典型案例。 2025年2月，内蒙古自治区乌拉特中旗公安局在工作中发现非法采矿线索。经调查，陶某某、扈某某涉嫌在辖区内废弃矿洞非法盗采 金矿，涉案金额20余万元。旗公安局已依法立案侦查，并对陶某某、扈某某采取刑事强制措施。案件正在进一步侦办中。 案例2 2025年3月，江西省鄱阳县公安局接到县自然资源局移交的非法采矿线索。经调查，鄱阳县占某某等10人涉嫌非法盗采砂石矿，涉案 金额1 48万元。县公安局已依法立案侦查，并对占某某等10人采取刑事强制措施。案件正在进一步侦办中。 案例3 2025年9月，云南省武定县公安局接到县自然资源局移交的非法采矿线索。经调查，武定县龚某等6人涉嫌非法盗采钛矿，涉案金额 600余万元。县公安局已依法立案侦查，并对龚某等6人采取刑事强制措施。案件正在进一步侦办中。 案例5 2025年1 0月，甘肃省白银市公安局白银分局接到群众举报的非法采矿线索。经调查，张某等7人涉嫌在辖区内废弃矿洞非法盗采 ...

2025年7月23日，中国黄金集团内蒙古矿业有限公司发生一起较大坠落事故，造成6人遇 难，1人受伤。 事故主要经过和原因 按照实习计划，东北大学资源与土木工程学院55名师生进入中金内蒙古矿业选矿厂三系列 浮选车间现场学习。10时24分，人员站立的1# 浮选机浮选槽上方格栅踏板脱落，1名老师 和6名学生共7人坠入浮选槽内。直接原因是事故区域安装的格栅踏板小于设计尺寸，加装 的支撑槽钢焊接方式不符合承重钢结构焊接要求，焊缝长期处于潮湿环境中锈蚀严重，人员 偏离安全路线聚集在作业平台，人群荷载超过槽钢与主梁连接处的焊缝承载力，致使槽钢和 格栅踏板突然脱落，人员坠入浮选槽被矿浆淹溺窒息而亡，排除了中毒、灼烧和机械伤害等 因素。 据央视新闻，12月27日，中国黄金集团内蒙古矿业有限公司较大坠落事故调查报告向社会 公布，通过现场勘查、调查取证、查阅资料、问询谈话、检测鉴定和分析论证，认定该事故 为一起较大生产安全责任事故。 应急救援处置 发现有人员坠落，企业车间工作人员立即按下浮选机急停开关，与老师共同组织撤离并核对 人数，救起1名扒在浮选机溢流堰上的坠入人员并送往医院救治。同时企业选矿部相关人员 赶到现场，排放浮选槽内 ...

报告强调，监管部门要坚持"管行业必须管安全、管业务必须管安全、管生产经营必须管安 全"要求，严格履行安全监管责任，推动矿山安全专项整治。企业要深刻汲取事故教训，举一 反三，持续夯实安全生产主体责任，加强安全生产管理。金属和非金属矿山选矿厂建设项目要 提高建设运营标准。与此同时，相关生产经营单位和高校要深化实习安全管理、完善应急预案 等措施切实保障实习安全。 | SFC | | --- | | 来源丨新华社 | 编辑丨黎雨桐 2 智能 悦 读 · 权 威 n o 扫码点击下载 报告指出，事故发生单位现场安全管理粗放混乱、安全生产管理制度存在漏洞、隐患排查治理 流于形式、选矿厂建设期间管理不规范；实习带队教师风险意识不强、实习安全预案缺乏针对 性；事故相关单位存在违规承揽工程、违法分包工程、督导检查和监管不力、对安全生产工作 重视程度不够等问题；相关监管部门存在未有效督促企业落实安全生产主体责任、统筹安全和 发展不够、监督管理失察、发挥非煤矿山行业主管部门作用不力等问题。 事故发生后，内蒙古自治区人民政府成立多部门组成的事故调查组提级调查，并聘请专家参与 事故调查。自治区纪委监委同步开展问责调查。 报告建议对42 ...

Core Viewpoint - The investigation report on the major fall accident at China Gold Group Inner Mongolia Mining Co., Ltd. reveals significant safety management failures and recommends accountability for 42 individuals involved in the incident [1][2]. Group 1: Accident Overview - The accident occurred on July 23, 2025, resulting in 6 fatalities and 1 injury, classified as a major production safety responsibility accident [1]. - The incident involved 55 students and teachers from Northeast University, where a grid board above a flotation tank collapsed, leading to the fall of 7 individuals into the tank [1]. Group 2: Causes and Management Failures - The report identifies several direct causes, including inadequate design and installation of safety equipment, poor maintenance leading to rust, and overcrowding on the platform [1]. - It highlights systemic issues such as chaotic on-site safety management, loopholes in safety production management systems, and ineffective oversight by regulatory bodies [2]. Group 3: Accountability and Recommendations - The report suggests accountability measures for 42 individuals, including criminal charges for 4 employees of China Gold Group Inner Mongolia Mining, and disciplinary actions against the former head of the local emergency management bureau [2]. - It emphasizes the need for stricter safety regulations, improved safety management practices, and enhanced training and emergency preparedness for educational institutions involved in practical training [3].

Market Overview - The market experienced fluctuations with the Shanghai Composite Index rising by 0.1%, marking an 8-day consecutive increase, while the Shenzhen Component Index rose by 0.54% and the ChiNext Index by 0.14%. The total trading volume in the Shanghai and Shenzhen markets exceeded 2 trillion yuan [1]. Key Sectors 1. Non-ferrous Metals - The non-ferrous metals sector saw significant gains, with leading stocks Zijin Mining and Luoyang Molybdenum both reaching historical highs, with market capitalizations of 886.8 billion yuan and 421.3 billion yuan respectively. This surge was supported by a substantial increase in domestic precious metal futures prices, particularly platinum [2]. 2. Hainan Free Trade Zone - The Hainan Free Trade Zone concept rebounded, with stocks like Hainan Mining and Hainan Development hitting the limit up. Notably, sales at Sanya duty-free shops increased by 50.3% year-on-year during the first week after the island's closure, with daily sales exceeding 100 million yuan for five consecutive days [3]. 3. New Energy Sector - The new energy sector strengthened, particularly the lithium battery industry chain, with stocks like Tianji Co. and Hongyuan Pharmaceutical hitting the limit up. The main contract for lithium carbonate surged past 130,000 yuan, and major silicon wafer companies raised their prices by an average of 12% [4]. 4. Commercial Aerospace - The commercial aerospace sector continued to show strength, with stocks like Shenjian Co. and Jinding New Materials achieving consecutive limit up days. This was bolstered by the successful launch of 17 low-orbit satellites using the Long March 8 rocket from Hainan [5]. Institutional Insights 1. Debon Securities - Debon Securities forecasts a continued "slow bull" market for A-shares into 2026, supported by stable indices and a focus on technology growth as the main investment theme [6]. 2. Dongwu Securities - Dongwu Securities suggests that participation in the commercial aerospace sector may become challenging, recommending a focus on AI applications and key industries related to the 14th Five-Year Plan, including commercial aerospace, nuclear power, and quantum communication [7]. 3. Huafu Securities - Huafu Securities anticipates a wave-like market progression, emphasizing technology and transformation as the main themes for the ongoing bull market, with a focus on sectors highlighted in the 14th Five-Year Plan [8]. 4. UBS Wealth Management - UBS Wealth Management predicts continued upward momentum in the Chinese stock market through 2026, driven by advanced manufacturing and technology. They highlight AI and technology as key long-term growth drivers, with significant capital inflows expected from domestic investors [9].

12月18日晚间，西部矿业(601168)发布公告，公司子公司格尔木西矿资源开发有限公司（下称"格尔木 西矿资源"）它温查汉西C5异常区铁多金属矿近日取得青海省自然资源厅颁发的《中华人民共和国采矿 许可证》，公司表示，本次获得该矿采矿许可证是公司锚定铁资源板块可持续发展的基础，为后续整 合、打造铁资源板块提供资源储备。 因此，叠加本次取得它温查汉西C5异常区铁多金属矿采矿许可证，以上铁矿布局在2026年加快投产步 伐，让公司向打造千万吨级铁多金属基地迈出坚实步伐。而该矿在格尔木西矿资源整合下，周边矿权协 同开发与统一选矿，将显著降低单位成本与资本开支，形成规模经济与网络效应，支撑公司铁板块贡献 改善。 多矿种布局，提升抗风险能力和市场竞争力 公司在公告中指出，此次取得它温查汉西C5异常区铁多金属矿采矿许可证将进一步提升公司抗风险能 力和市场竞争力，对公司长远发展具有积极影响。 一方面，公司作为以铜类产品为主导的矿业龙头，在铜价中枢抬升的背景下充分释放产能实现业绩大幅 增长，同时公司铅、锌、钼、镍、铁和钒多元发力，显著强化"多矿种、多收入源"的抗周期能力。 另一方面，当前冶炼端加工费仍处低位且盈利弹性受制，铁矿 ...

Core Viewpoint - The company has obtained a mining license for the Itwen Chahanxi C5 polymetallic iron mine, which is crucial for its sustainable development in the iron resource sector [1] Group 1: License Acquisition - The company's wholly-owned subsidiary, Golmud West Mining Resource Development Co., Ltd., has recently received the mining license from the Qinghai Provincial Natural Resources Department [1] - This license is essential for the company to expand and develop its iron resources [1] Group 2: Resource Details - The Itwen Chahanxi C5 mining area has a polymetallic iron resource of 20.07 million tons with an average grade of 31.59% iron [1] - The mine also contains associated metal resources, including 76,100 tons of copper, 60,400 tons of zinc, and 2.86 tons of gold [1] Group 3: Strategic Implications - The acquisition of this mining license will enhance the company's risk resistance and market competitiveness [1] - This development is expected to have a positive impact on the company's long-term growth [1]

Core Viewpoint - The article emphasizes the structural differentiation in commodity prices driven by macroeconomic policies and global strategic shifts, predicting that this trend will continue into 2026 [4][5]. Group 1: Review of 2025 - In 2025, commodities experienced "two resonances and two differentiations," with notable price movements influenced by external policy shocks and domestic economic conditions [7][8]. - The first differentiation occurred from post-Spring Festival to the end of March, where black commodities weakened while non-ferrous metals showed strength [8]. - The first resonance happened from early April to late May, where commodities collectively weakened due to tariff impacts, except for precious metals [8][10]. - The second resonance from mid-June to early August saw a recovery in commodity prices driven by both internal and external factors [8][10]. - The second differentiation from mid-August onwards showed weakness in black, energy, and agricultural products, while precious and non-ferrous metals remained strong [8]. Group 2: Global Macro Economy and Strategic Mainline - The article highlights the need to focus on policy effects under the "high-quality development" framework in China, with an emphasis on effective investment and consumption [27][29]. - The U.S. economy is characterized by multiple expectation gaps, with significant policy impacts overshadowing fundamental economic data [37][40]. - Other regions, including Europe and Japan, face economic concerns, with potential shifts in monetary policy as they navigate inflation and growth challenges [48][50]. Group 3: 2026 Outlook - The long-term narratives of energy transition, AI-driven demand, and resource nationalism are expected to continue shaping commodity markets [5][61]. - The growth in energy storage demand is anticipated to be robust, driven by clean energy initiatives and technological advancements [61][63]. - AI investments are projected to stimulate demand for specific commodities, particularly in data center construction, which will require significant amounts of copper and other materials [67][68]. - Global strategic shifts are leading to increased competition for key resources, with nations focusing on supply chain security and self-sufficiency [79][80]. Group 4: Commodity Configuration Strategies - The article suggests that commodity pricing will stabilize in 2026, with a gradual recovery in PPI expected as macroeconomic conditions improve [34][29]. - The focus on stabilizing industrial product prices through policy measures is seen as crucial for maintaining market equilibrium [31][32]. - The anticipated adjustments in production capacity and market dynamics will create both strategic and tactical opportunities for investors [6][34].